Organizations increasingly rely on third parties (e.g., vendors, service providers) to provide critical systems and perform essential business functions. This rise in outsourced systems and services has resulted in a greater demand for third-party attestation reports that can provide transparency and assurance over the internal controls of the service providers. System and Organization Controls (SOC) reports serve as a tool to assess the controls implemented by a service organization. However, reviewing a SOC report requires scrutiny of the reliability of the report, an understanding of the key elements of the report and the adequacy of the controls to meet your organizational needs.
When reviewing a SOC report, there are many key aspects to consider and understand:
Many times, CUECs and user entity responsibilities may be used interchangeably, however, they are not the same.